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20110701
20110731
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for john boehner, i think boehner was exactly right, his instincts were let's get a big deal, the problem is he couldn't sell it to his caucus dominated by tea party who consider themselves patriots, but this -- >> six months ago you heard bill talking about it with stuart varney, said we shouldn't be raising taxes in a down economy. andrea. >> he's absolutely right. these crazy tea partiers that bob loves to blast every chance he gets have the same position that president obama essentially had in 2006 when he said we shouldn't vote to raise the debt ceiling and if we did it would be irresponsible so the president, big political issues on the line but i agree with bob in one respect, john boehner has real trouble within his conference. there are members of the gop caucus that have come out and said we're not voting for any kind of deal as long as it includes raising the debt ceiling so boehner does have to work with democrats. big challenges on both sides. heather: democrats bob certainly have a problem, a lot of them are saying no cuts to social security, no cuts to medicare, no cuts to
ingle downtown in new york. gregg: there's a big battle going on over spending, it actually shut down the state of minnesota. lawmakers failing to meet a budget agreement for the midnight deadline last night. so the government is closing up shop. both sides, still at odds over how to eliminate a $5 billion state decifit. >> the democrats and republicans need to stop acting like crips and bloods, gang members. >> i just don't understand how when you shut down a government and we shut down all of these jobs that are going to be lost right now, how are you going to increase and solve a budget crisis when you're not employing people? how are you going to solve that problem? it doesn't make logical sense. >> you never know how long it's going to be so i don't know want my plants to die. they told us to do that, get ready. >> stu join us, democratic governor, republican legislature, you can see this one coming down the pike. i wonder how it's going to end and who will get the blame. >> that's the question, who gets the blame but you're right, this is a standoff taking place across the count
finally came out publicly with a bipartisan, big, tough plan, a framework for how to deal with our very real challenge with our record deficits and debt. it's my hope that the senate will consider cut, cap and be balance, defeat it and then put a responsible plan on the floor, one that shares the sacrifice across all the areas of our budget and that puts forward the kind of framework that everyone can support. bill: okay. on the cut, cap and balance, so you agree with harry reid that this is a waste of time on a balanced budget. why would a balanced budget amendment when polls show 72% of those surveyed favor it, why would you be opposed to that, senator? >> i don't speak for leader reid, obviously, but what i think the leader was suggesting was that with ten days left until we default on america's mortgage, we should be focusing on things that have a very real chance of passage in both houses and that can avoid the catastrophic consequences of defaulting on america's debt. i think leader reid and many of us in the senate are concerned that if we simply keep ping-ponging back and forth
vote. but that leaves a big problem and that's the debt. >> it's the debt itself. i couldn't agree more. the crisis comes, bill, not if we don't pass the debt ceiling, but if we do pass a debt ceiling it send a signal to the financial markets around the world that the united states is not capable of dealing with this enormous debt. that's the crisis. if we don't get a credible plan that brings the deficit spending down over the next two years and the president has been holding out on that. bill: do you think the markets will be spooked by that? >> you are exactly right. even as moody's and s & p said they will downgrade the debt. you would expect for the interest rate on those bonds to go up but the last couple weeks they have gone down. we cast a carte blanche $2.5 trillion increase in the debt i believe that could cause a financial panic. bill: that forces the markets to quiver. >> this is the ultimate point of leverage. that's why there has been a stalemate. republicans said if we cave on this we'll never get serious about spending. but right now it take the president to sign this bi
point. that's not a big deal. a lot of that is tied to greece and not what's happening in washington, is it not? >> reporter: let's put this into perspective. broadly speaking you could say the following. if there is no deal on this debt problem by that deadline in early august, if there is no deal you will probably see the stock market retreat big time. if surprise surprise there is a deal, and the debt ceiling is raids and we borrow some more money and we don't default, you can expect stocks to go straight up. that's the situation we are in. what i'm saying is you are going to see an awful lot of up and down with your money hour by hour. that's the way this week is going to be. bill: stuart varney. u.s. secretary of state hillary clinton is saying she is sure a debt deal with be reached. >> i'm confident congress will do the right thing and secure a deal on the debt ceiling. and work with president obama to take the steps necessary to improve our long-term fiscal outlook. bill: no coincidence she made those comments in hong kong. can both side make a deal? senator ron johnson, a ne
a piece of legislation, so stay tuned. bill: we shall. it will be a big deal come next week. jason chaffetz, thank you, out of utah. martha: another day at the office, really. one group of workers, union workers, just sort of, you know, having a joke, a little smoke, booze, at the lunch hour. you know? the same kind of stuff we do around here, bill. one reporter got up close and personal. this is fascinating. bill: they don't have us on camera, though. martha: thank goodness! bill: team usa, world cup final, sunday at 2:00, what a day this was, abby wombach, she's like a superhero. martha: love her. bill: that header put her one up, team usa will play japan for all the marbles. martha: love it. bill: sunday afternoon. go usa! back in a moment. bill: some stories developing in "america's newsroom", there is new violence erupting in pakistan, gunmen in the streets of karachi, opening fire, leaving seven dead and more than two dozen injured. >>> dozens of suspects connected to the mexican mafia in custody after a huge gang raid in california. the mexican mafia, considered the oldest a
of a sudden have a favorable reception? >> well, look, it's a compromise. you've got big cuts, and you've got extra revenue. so it is a compromise, and you're running out of time. that august 2nd deadline is very, very close and to get this plan how you've got to move quickly because you've got to legislate, pass, vote, implement. bill: can they do that in the time they have lift? >> frankly, bill, it's doubtful. you think you can write the tax code in a couple of days? the highly unlikely. but you can see how republicans would probably go for reducing tax rates. it's hard for me to see how democrats could go for reducing tax rates. bill: now, before we fish here, though, this cut, cap and balance thing that passed in the house, that was all the talk over the past week. would that survive a senate vote or, ultimately, is it vetoed by the white house? >> i've not heard anybody who has said it will pass in the senate. that's, essentially, a symbolic move, and it's dead as of now. that's why there's so such attention on this gang of six plan. bill: we shall see. stuart, we'll see you on fox busi
. the big question, though, is for the prosecution team, what did they do potentially wrong here, because they were certainly very confident in their case. here is lamar lawson. >> we're disappointed with the verdict today and surprised, because we know the facts, and we put in absolutely every piece of evidence that existed. our attorney did an exemplary job. i'm proud of them and i stand by their work. i never, ever criticize a jury. theirs is the task of deciding what to believe. >> reporter: the prosecutor also said that what really hampered the case was the frequent that -- fact that the decomposition, the six months it took to find caylee's remains, really hampered the prosecution because they lost so much crime scene evidence, fingerprints, perhaps they may have found on the duct tape and the laundry bag, phil. -- bill. bill: fel keating, thank you. alisyn has more. alisyn: we need to talk more about these jurors. they left immediately after the reading. remember this was after six weeks of being sequestered and finish of -- none of them wanted to talk about their momentous decisio
. alisyn: you talk about what the stock market is doing. yesterday it took a big hit closing down almost 200 points. it was the 4th straight day of losses. let's bring in stuart varney to help us understand this. will the market go down again, stu? >> in general terms nobody will be prepared to forecast where the stock market will go. it's like october of 2008 when there was a decision in the house, do we bail out wall street or don't we. there was a profound reaction on wall street when that vote came in. in general terms, here is what you can say. if we get a deal -- if a deal looks likely by this weekend, the stock market will probably go up. quite sharply. if we do not get a deal at all, nothing is on the table by that next week's deadline you can expect the stock market to go down quite sharply. those are generalized expectations for stocks, but i think they are realistic. here is the news of the day. as of this morning, a letter went out from the chief executives of all the big wall street firms. that letter went out to every member of congress. everybody on capitol hill. it was a
to split up california in two. representatives officially endorsing that idea with one big catch. no public funding can be spent on the movement. the new state would be made up of 13 counties. but there is a catch called the u.s. constitution. there can be no new states without consent from congress and the state legislature. they are billions in the hole in california. alisyn: democrats finding off a republican challenge to hold off a congressional seat in california. democrat janice kahn defeating businessman huey. hahn winning by 10 points in a district where the democrats have a 10-point edge. it shows a sizable number of people breaking with the democratic party there. in a moment she'll walk free in only four days. but she may cease to be called casey anthony. why one of the most famous faces in the country may get the witness protection treatment when she leaves jail. alisyn: chaos in the courtroom. police draw their weapons to restore order here. bill: there is one person surging and that person is not even a candidate. karl rove on the 2012 field and whether we may see the big chan
money than you're taking in, you need to spend less of it. there's no symptom of big government more menacing than our debt. break its grip, and we begin to liberate our economy and our future. bill: we've been talking about this issue for months, and we are down to that critical time. good morning, everybody, i'm bill hemmer. and a big welcome to jamie colby. jamie: you think we'll make it before august 2nd? how you feeling? bill: we'll see. jamie: we'll know more after the next two hours. absolutely. great to have you all here. harry reid and speaker boehner both have their own plans, presenting their own debt deals last night. boehner's plan cuts $3 trillion over the next ten years raising the debt limit by more than $2.5 trillion, and guess what? no tax hikes. bill: reid's plan includes more than $2.5 trillion in cuts over ten years raising the debt limit by $2.4 trillion and, also, no tax hikes. or as they like to call them in washington these days, revenue. stuart varney of fox business, good morning, my friend. how you doing? you're a financial man, what was your takeaway from
. >> is this as big as wanted to go? heck, no. we ran and going bigger. but this is the only proposal on the table that accomplishes the goals we set out to do. martha: that defines what's going on. duffy says he will vote for the bill because he believes it's the best one out there. bill: if you were able to follow everything last night in the house. in the senate some conservative republicans are not supporting the deal boehner has on the table. kentucky senator ranlds paul talking with sean hannity ex -- nor rand paul explaining why he would vote against the boehner plan. >> it will add $7 billion to the debt. it doesn't change the course we are on. if we froze spending. if we didn't spend any more money next year than we spent this year. washington would count that as a $9.5 trillion cut. why? because we are going to add $9.5 trillion to the debt. when they tell you they are going to cut a trillion, it's from proposed increases in the debt. it isn't meaningful. bill: paul says there are perhaps as many as 14 republican senators who will vote no on the boehner debt deal fit makes it out of the
still face some challenges. you know, this economy took a big hit. there are always going to be bumps on the road to recovery. bill: republicans are going to jump all over that, they have already, but here is what you think about politically, stuart n. 2012 and that is this, david plouffe said this week that americans are not voting on the unemployment rate. what do you make of that? because the unemployment rate is a reflection of the hardship so many are experiencing now. >> he said that americans don't look closely at the unemployment rate when they vote, they look at their own personal situation. well, come november of 2012, if in their own personal situation they are surrounded by economic pain, layoffs of all kinds, with very close or no movement in the economy, if they are personally surrounded by pain they're not going to be very happy. bill: there's a lot of pain out there. we hear a lot of talk now about a double-dip recession. watch that. stuart, thank you. >>> wall street not liking what it sees, stock futures tumbling on the news. the dow had been on the rebound of late,
's been called a heat dome. we'll tell you where that is, it sits over a big portion of the country. stay cool. >> i'm hot and sweaty. >> it's like sitting in a sauna all day long. >> hot and tired. it makes you, you know, lose your energy quick. [ male annocer ] things seem better with travelocity's best price guarantee. our girl's an architect. our boy's a genius. we are awesome parents! biddly-boop. [ male announcer ] if you find a lower rate on a room you've booked, we won't just match it. we'll give you $50 towards your next trip. [ gnome ] it's go time. patti ann: minnesota's state government is back in business. democratic governor mark dayton signing a budget deal ending the neigh's longest state government shutdown in a decade. >> it destroyed minnesota's reservist standing for a state of responsible government and a balanced government and one that's not going to be hijacked by the tea party intransigence. patti ann: republicans have stood their ground on not raising taxes, but minnesota's budget deal relies on borrowing, so leaders on both sides of the isle concede -- aisle con
spending. alisyn: we have a big lineup on our show to talk about the debt. republican senator lindsey graham, and jim jordan, the head of the senate committee. we are asking you today about the debt debate. if the u.s. defaults are you worried it will be bad for your family or do you still don't see how it will impact you directly. go to our web site foxnews.com/americasnewsroom. bill: in 90 minutes we had 6,000 votes online yesterday. lines are open right now. what do you think? weigh on in. alisyn. that was new polls showing mitt romney leads the pack of announced presidential candidates. 27% support romney. but it dramatically closes if sarah palin, or rick perry or rudy giuliani are included. alisyn: there is new outrage over a decision not to cover healthcare benefits for 9/11 workers stricken with cancer. defenders of the move say there is little evidence that exposure to hazardous materials at ground zero caused the cancer. >> this is an insult to our intelligence' 53 funerals. 51 were because the person died of cancer. alisyn: rick leventhal is live in the news room. >> report
this courthouse, since october 14, 2008, the big question, she's got smiles from ear to ear owl morning in -- all morning in that courtroom, is today the day she walks free if in fact belvin p.y does make that her sentence, considering time served and perhaps not stack the four years back to back but have them consecutively serve. she could walk free. that would not happen at the courthouse, she would be taken to the orange county jail, most likely driven to an undisclosed private, secret location to then be released into the public to avoid any potential conflict with any unruly crowds outside of the jail. when inmates are housed at the orange county jail they're allowed to cut the women, each other's hair with little fingernail clippers, casey anthony has been in protective custody the entire time so she doesn't have contact person to person with any other inmates and i presume she's not cut her hair one time but today, her hair is all the way down, she is smiling large, actively talking with her attorney, her mother, father, george and cindy, they are in the courtroom, her brother lee has not
, including visa, master card and sony. bill: this is about as big as it gets, awaiting a critical vote on that $14 trillion debt. house republicans will go ahead today and vote on the cut cap and balance plan. democrats have railed against the tea party backed proposal. it would cut $111 billion by 2012. gradually cap government spending, and one of the biggest points of discuss, it add a constitutional amendment requiring a balanced federal budget. that would have to pass before raising the nation's debt ceiling an additional $2 trillion. we'll talk to chris van hollen. he says he's against that plan. we'll find out what he's for, minutes away. jamie: severe weather gripping parts of the country. one storm system dumping 15 inches of rain flooding streets and highways and a few buildings near new orleans. >> in 20 years i have lived here this is the worst on this side of the street. >> we can only drain one inch at a time and if you do the math we can't keep up with it. jamie: the mississippi valley and the midwest say 15 deaths in the past week can be blamed on heat. temperatures exp
: those investments could come with a big price tag that eventually will come due. we're going to try those chairs, aren't we? heather: we'll fall over. bill: good morning, i'm bill hemmer. health e. more pain. heather: i'm heather nauert, in for martha maccallum. the white house is holding another round of talks but there's a major sticking point, republicans digging in against any tax hikes. >> there was never any agreement to allow tax rates to go up, in any discussion i've ever had with the white house. not once. bill: democrats pushing for those new taxes to bring down the debt. republicans calling for deeper spending cuts. the president calls for a deal by july 22. that's ten days from now. that way, congress has time to pass it before the august 2nd deadline. that's when many in the administration argue that we will start defaulting on some of our bills. stuart varney, fox business network, leading our coverage, good morning. what's this charge about spending later, stuart? >> listen very carefully to what the president said yesterday and he was quite clear, i think, in saying
. he had no idea. because heasn't involved just as he told you. counsel showed you the big poster with the pictures of caylee walking into the pool. and said that this hypothesis has not been rebutted. i respectfully disagree. because, ladies and gentlemen, the two people counsel asserts were present when that happened were george anthony and casey anthony. george anthony testified on that witness stand the first day of this trial, it didn't happen. and as this verdict will point out to you, miss anthony also was given the opportunity to adopt that and rejected it twice. that has been refuted by the evidence in this case. counsel also asserted to you that this crime scene was quote-unquote staged. here is the interesting part. he tells you on the one hand that george anthony's connection to the tape -- he stead follow the tape. but then on the other hand he tells you that roy crock is connected to the tape. dr. spitz told you somebody came along later and took the skull and taped it. in opening statement defense counsel told you that person was roy kronk. they both got this rare k
? >> no figure put on it, but make it competitive. bring it down maybe 20, 25%. give 'em a big 10, 15-point cut, and some of that money will come back to america. that is the argument at least, bill, and it's part of this debt reduction debate. it's in there. bill: you lay it out there. thank you, stuart. catch you on fbn in a minute. >> all right. let's put the debt deadline in perspective for you. the u.s. treasury department expects the u.s. to face default on some of its commitments by august 2nd. administration aides say that an agreement must actually be reached, though, by july 22nd to give congress time to draft and pass any bill. the numbers show the amount of debt held by the public has grown 54% under president obama. bill: cuts to medicare seem to be a foregone conclusion in this budget battle, but will republicans accept any tax increases? in a moment we'll talk to republican senator rob port match of ohio, he was -- portman of ohio, he was here live to tell us what was on the table as of this morning. stay tuned for that. alisyn: our other top story this morning, after three years
Search Results 0 to 19 of about 20

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